Bailout bill fails; Dow plunges

Cappster · Post by **Cappster** » Mon Jan 12, 2009 3:56 pm

Redskin in Canada wrote:
Obama asks for TARP funds - White House

The president-elect asks President Bush to tell Congress he seeks access to $350 billion in remaining bailout funds.

http://money.cnn.com/2009/01/12/news/bu ... 2009011210

Can I get me some ...

I like this little excerpt:

Lawmakers on both sides of the aisle have expressed unhappiness with the way Treasury Secretary Henry Paulson has used the first $350 billion. They object to how Treasury made direct investments in banks with few strings attached and no process for tracking how the banks are using the money.

I think most of us could see the writing on the wall. Government takes more of our money and doesn't spend it how it should be spent. Shocking!

Deadskins · Post by **Deadskins** » Mon Jan 12, 2009 5:16 pm

Lawmakers on both sides of the aisle have expressed unhappiness with the way Treasury Secretary Henry Paulson has used the first $350 billion. They object to how Treasury made direct investments in banks with few strings attached and no process for tracking how the banks are using the money.

Gee, think they might have written some oversight into the legislation? :roll:

Please! They wanted a scapegoat, and now they have one.